(c) \_Lessor’s Interest\_. (i)(A) Lessee has caused Lessor to have good and
marketable title to the Aircraft, and Lessee has good and marketable title to
all Collateral, in each case, free and clear of Liens, except Permitted Liens;
and (B) the Lessor’s Interest therein is and shall remain validly created and
perfected, and has and shall continue to have first priority over any other
Liens (other than Lessor’s Liens) pursuant to all Applicable Laws; and (ii)
all filings, recordings, registrations or other actions necessary or desirable
in order to cause Lessor to have good title to the Aircraft, and establish,
perfect and give first priority to Lessor’s Interest and other rights and
interests in, against or with respect to the Aircraft and any Collateral, have
been duly effected, and all Impositions in connection therewith have been duly
paid.